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This page allows you to view the details of the selected pay term. Tell me more
Select the “View Pay Term” link in the “Select Pay Term” page. Alternatively, select the hyperlinked pay term in the multiline of the same page.
The “View Pay Term” page appears.
The system displays the following:
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Date Format |
The format in which the date fields are displayed, in this page. This format is displayed from the "User Preferences" business component based on the login user ID. In case the format is not defined, the system displays the date format from the "Enterprise Modeling" business component by default. |
The system displays the following fields in the “Pay term Code Information” group box:
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Pay Term |
The pay term selected in the “Select Pay Term” page. |
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Status |
The status of the pay term, which could be “Active” or “Inactive”. |
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Pay Term Description |
The textual description of the pay term. Zoom facility available |
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Effective From |
The starting date, in a range of effective dates, from which the payment term is applicable. |
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Effective To |
The ending date, in a range of effective dates, till which the payment term is applicable. |
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Pay Term Type |
The type of pay term which could be “Advance" or “Net”. |
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Pay Term Category |
The category to which the pay term belongs. The various categories for the pay term are defined in the “Create Pay Term Category” activity of the “Logistics Common Master” business component. |
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Pay Term Classification |
The classification of the pay term, which could be either “Date Based” or “Days Based”. |
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Frequency |
The frequency at which the payment is made to the supplier, which could be “Monthly”. |
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Proportionate Discount |
The system displays “Yes” or “No”, to indicate whether to calculate proportional discount amount or not, for the payment made. |
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Anchor Date |
The date based on which the discount date and due date are calculated, which could be “Manual”, “Supplier Invoice Date“ and “Our Doc. Date“. |
The system displays the following in the “Pay term Value” group box:
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Due Day / S |
The specified number of days within which the due amount must be paid. |
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Due % |
The percentage of the transaction amount that must be paid to the supplier. |
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Discount Days |
The number of days, within which the amount that is due must be paid, to avail the discount offered. |
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Discount % |
The discount offered by the supplier for payment within the discount days. Discount percentage is specified as a percentage of the due percentage. |
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Penalty % |
The penalty to be paid per annum on payments made after the due date. |
The system displays the following in the “Record Statistics” group box:
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Created By |
The name of the user who created the pay term. |
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Created Date |
The date on which the pay term was created. |
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Last Modified By |
The name of the user who last modified the pay term. |
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Last Modified Date |
The date on which the pay term was last modified. |
Viewing pay term details – An overview
This page allows you to view the details of the selected pay term. You can view pay term details such as the pay term number, description, range of effective dates, type, category, calculation of proportional discount, status, due days, due percentage, discount days, discount percentage and penalty percentage.